I would like to wish you all a Happy New Year.
The New Year has begun with some positive signs for an upward trend in the domestic economy. On a global level, however, although a moderate recovery has been observed in the U.S. economy, the EU is still far from a full-scale economic upturn. In addition, a slowdown of the Chinese economy, which has long led the world economy, has become evident, weakening the growth of ASEAN countries.
Despite this environment, our group’s business performance has recovered, to the extent that both our sales and profit increased in the first half of this fiscal year compared with the same period of the previous year and that we have revised upward our initial year-long forecast figures. This is largely due to your generous support, and this year we would like to further spur and accelerate this trend.
This fiscal year, our group has launched our new mid-term management plan VISION 2017. Over the coming five years, under the keyword “innovation,” we will strive not only to secure growth in our current business fields, but also to expand integrated business fields and to enter new business fields.
Nowadays, information spreads instantly all over the world and the scale of change today is not comparable to that of the past. As a result, sudden unforeseeable change occurs everywhere in the world. When promoting VISION 2017, we might face such change in a wide variety of situations. However, we will always return to our basic principles, such as customer needs, social needs, and the value that we can present. Free from our past experience, we would like to provide optimum solutions based on the spirit of “creative destruction.” We are now developing many new technologies and products that will present new value to society, such as redox flow batteries, molten salt batteries, superconductors, magnesium alloys, and aluminum harnesses. To ensure that such technologies and products will be successfully launched onto the market, we will do our best by uniting the capabilities of our R&D, manufacturing, and marketing divisions, while firmly adhering to the philosophy of Banji-nissei (Do your sincere best in not only business but also every aspect of your life). In this regard, we hope to receive your continued support and guidance.
I would like to conclude by wishing for your good health and further prosperity.